A Utah reverse mortgage is a good financial planning for the golden years.The requirements for eligibility include the borrower age (must be at least 62) and there must be equity in the home. In addition, the home must be the primary residence. The home must qualify for the reverse mortgage program.The vast majority of single family homes qualify, as do most condominiums, town homes, 2-4 unit owner-occupied dwellings and manufactured homes.

Your income and credit levels do NOT matter. This is one of the major facts setting a reverse apart from a home equity loan.

The other, of course, is that a Utah reverse mortgage does not need to be repaid until the last borrower permanently moves from the home.

To learn more, click Utah Reverse Mortgage. Your questions will be answered and you can find trustworthy, HUD approved reverse mortgage lenders.

Another great resource for Utah seniors: